Pruitt Is Overhauling EPA ‘Cost-Benefit’ Analysis That Obama Used To Justify Costly Regs

Environmental Protection Agency (EPA) Administrator Scott Pruitt is overhauling the way his department calculates the costs and benefits of new regulations, the EPA announced Thursday.

The EPA issued an advance notice that it will be collecting input from the public on how to restructure the cost-benefit analysis process within the agency. Pruitt held up former-President Barack Obama’s administration as an example why the process needs improvement.

“Many have complained that the previous administration inflated the benefits and underestimated the costs of its regulations through questionable cost-benefit analysis,” Pruitt said in a statement. “This action is the next step toward providing clarity and real-world accuracy with respect to the impact of the agency’s decisions on the economy and the regulated community.”

One such example is the Clean Power Plan, enacted under Obama to cut carbon emissions from power plants. When calculating the impact of the regulation, the EPA under Obama found the social cost of carbon to average $36 per ton.

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